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3D Systems (NYSE:DDD) was downgraded by analysts at Canaccord Genuity from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday.

3D Systems (NYSE:DDD) opened at 51.83 on Thursday. 3D Systems has a one year low of $43.35 and a one year high of $97.28. The stock’s 50-day moving average is $51.36 and its 200-day moving average is $55.31. The company has a market cap of $5.697 billion and a price-to-earnings ratio of 150.23.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts predict that 3D Systems will post $0.78 earnings per share for the current fiscal year.

In other 3D Systems news, CEO Abraham N. Reichental sold 52,300 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $53.20, for a total transaction of $2,782,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DDD has been the subject of a number of other recent research reports. Analysts at Morgan Stanley initiated coverage on shares of 3D Systems in a research note on Thursday. They set an “equal weight” rating on the stock. Separately, analysts at Pacific Crest downgraded shares of 3D Systems from an “outperform” rating to a “sector perform” rating in a research note on Thursday. Finally, analysts at Needham & Company LLC reiterated a “buy” rating on shares of 3D Systems in a research note on Tuesday. They now have a $65.00 price target on the stock, down previously from $70.00. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.04.

3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.

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